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Invesco NASDAQ 100 ETF stock Analysis: Bullish Momentum Near Resistance

Invesco NASDAQ 100 ETF stock Analysis: Bullish Momentum Near Resistance

The Invesco NASDAQ 100 ETF stock (QQQM) closed at $306.54 on September 25, up 0.46%, pressing against the upper edge of its recent range. The daily trend remains firmly bullish, though shorter-term signals suggest the rally is pausing at resistance.

QQQM daily chart with EMA20, EMA50 and volume
QQQM — daily chart with candlesticks, EMA20/EMA50 and volume.

Key takeaways

  • QQQM closed at $306.54 on September 25, sitting above its 20-day EMA at $298.56, 50-day EMA at $295.20, and 200-day EMA at $278.02.
  • The daily RSI14 reads 64.66, leaving room for further upside before momentum reaches overbought extremes.
  • Daily MACD stands at 3.07, well above its signal line at 1.65, confirming expanding bullish momentum.
  • Key resistance sits at $307.57 (R1), with the Bollinger upper band near…

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